- DOGE remains hopeful for an all-time high of $0.49, showing sustained interest and gradual price increases.
- Increased activity among XRP whales, holding $55 million worth, suggests growing confidence and a potential price boost.
- LINK’s strong technical indicators and market trends forecast a resilient climb, with significant gains anticipated.
Three cryptocurrencies have stood out among the chaos of market turbulence with their remarkable price increases and bullish signals. From DOGE and XRP to LINK, let’s explore the distinguishing factors propelling their ascent.
DOGE
Despite the generally positive trajectory of the cryptocurrency market, Dogecoin is waiting for some kind of event to raise its value. CoinsKid, a reputable cryptoanalyst, recently shared some positive news about Dogecoin, explaining that the fun coin could reach its all-time high of $0.49 in the foreseeable future.
In a detailed note on the topic, CoinsKid added that as long as the coin remains above a certain area, the upward impulse is still possible. Dogecoin is currently changing hands at approximately $0.1554 as of the last 24 hours.
It reflects a 2.2% price increase during this period. In the past seven days, DOGE has seen a 2.37% price surge, while the monthly increase is at a slight uptick of 0.27%. Despite the apparent stability in its price movements, this gradual climb signals a steadfast market sentiment toward Dogecoin.
XRP
The activity of XRP whales has significantly increased throughout the last two weeks. Large investors have been buying the cryptocurrency regularly; they already own over 110 million XRP coins, which are worth about $55 million combined. This interesting trend has drawn the focus of crypto analyst Ali, sparking conversations about how it might influence the future price direction of XRP.
Ali referenced data from Santiment, highlighting a notable surge in holdings among XRP whales possessing between 1 million to 10 million coins in recent weeks. At the start of this week, Ripple’ XRP hit a low of $0.4841 but has since started to recover. Despite some selling pressure hampering its rebound, XRP hit an intraday high of US$0.523 during the latest trading session. XRP has now risen by 1.1% in the last 24 hours, trading at $0.524.
If XRP can maintain its current levels, it may target resistance above $0.57. If this level is successfully broken, XRP could surge to higher targets, such as $0.64 or even $0.74.
LINK
Chainlink (LINK) has experienced a correction trend, finding strong support at the 61.8 percent Fibonacci Retracement level. This technical milestone is important as it provides a strong basis for buyers to resist downside pressure. Concurrently with Bitcoin’s rise, the LINK price recovered from $12.80, achieving a significant 25 percent gain in three days and reaching $16 and surpassing it.
The recent market recovery had a significant impact on Chainlink’s market capitalization, which jumped 14 percent in just 24 hours. Data from Santiment reveals that this increase is largely driven by whales.
In the last five weeks, there’s been a 4.6 percent surge in Chainlink whales, those wallets possessing 100K or more LINK, now totaling 564. Should Chainlink’s momentum endure, analysts foresee potential price benchmarks at $18.6, $20.7, and $22.8. This target is based on technical analysis and market trends, indicating a positive outlook for this asset.
In the future of the crypto industry, DOGE, XRP, and LINK hold promise. DOGE remains hopeful of reaching its all-time high, showing sustained interest. Increased activity among XRP whales suggests growing confidence, potentially boosting its price. LINK’s strong technical indicators and market trends point to a resilient climb, with analysts forecasting significant gains. Overall, these cryptocurrencies reflect a positive trajectory in the evolving crypto market.
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